PYTH funding rates

PYTH perpetual funding is currently quoted across 7 venues, ranging from -83.0% to +10.9% APR. The most reliable delta-neutral pairing for PYTH right now is long Kraken / short Lighter at +84.8% net APR (high risk, ~1.9d to break even).

as of 2026-09-09 13:01 UTC
Best delta-neutral pairing
Long Kraken / Short Lighter
+84.8% net APR
Backtested (30d)
-25.4%
Stability
39.3%
Risk
high
Breakeven
~1.9d

Ranked by 30-day reliability (backtest × stability × risk) — the spread that holds, not just the widest current rate.

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PYTH funding by exchange

ExchangeFunding APR
Hyperliquid+10.95%
Variational+10.95%
Aster+10.95%
Paradex+10.95%
Lighter+10.51%
dYdX+0.00%
Kraken-83.04%

Frequently asked

What is the PYTH funding rate right now?

PYTH perpetual funding ranges from -83.04% to 10.95% APR across 7 exchanges we track; the widest delta-neutral spread is long Kraken / short Lighter at 84.8% net APR.

Which exchange has the highest PYTH funding rate?

Hyperliquid currently has the highest at 10.95% APR. See the full ranking above.